In a new twist for Obamacare, we are learning today that the subsidies for young people are lower than originally announced. That's right, all those 21 to 35 year olds are much less likely to receive a subsidy to help them pay for insurance according to federal government. And wait until you hear the reason for this change: it seems that health insurance premiums are LOWER than the government expected.
I am not making this up. Indeed, if I made it up, I would come up with something that at least made some sense. The obvious nonsense here is overwhelming:
1. First of all, the cuts in subsidies are not from level projected a year ago; these are cuts from the levels which were given to people trying to sign up for insurance on the exchanges last month. To be clear, a 28 year old woman who bought insurance three weeks ago on the exchange was told that she would get a subsidy to help her pay for the policy, but that has now been changed because supposedly the premiums charged were lower than expected.
2. For this all to make sense, we have to believe that when the exchange was rolled out on October 1, the federal government did not know what prices were being charged for policies being sold on the exchange. So the government's own website was posting prices for policies, but the government did not know what those prices were. Huh? Obviously, this cannot be true.
3. For the longest time we were repeatedly told by president Obama and his toadies in the government that the policies sold under Obamacare would be priced in a way that we would save an average of $2500 per policy. The reality has been something quite different since policy prices have risen on average in at least 47 states. When the federal government now tells us that policy premiums are LOWER than expected, it is actually confirming that the promise of savings of $2500 per policy was a knowing lie. Obama promised that premiums would go down, but they went up a lot and the government then tells us that the prices are lower than expected. That means they expected even bigger increases.
The elimination of subsidies must actually mean that fewer young folks are signing up than the government wanted. As a result, they need to get more money from the few signing up, so they eliminated the subsidies. Since this is the most dishonest administration in history, the Obamacrats tells us a lie about how premiums are lower than expected.
As I write this last paragraph, I know that it sounds like some sort of conspiracy theory, but again, in view of the rampant dishonesty of Obama and his people, I think my analysis is correct.
I am not making this up. Indeed, if I made it up, I would come up with something that at least made some sense. The obvious nonsense here is overwhelming:
1. First of all, the cuts in subsidies are not from level projected a year ago; these are cuts from the levels which were given to people trying to sign up for insurance on the exchanges last month. To be clear, a 28 year old woman who bought insurance three weeks ago on the exchange was told that she would get a subsidy to help her pay for the policy, but that has now been changed because supposedly the premiums charged were lower than expected.
2. For this all to make sense, we have to believe that when the exchange was rolled out on October 1, the federal government did not know what prices were being charged for policies being sold on the exchange. So the government's own website was posting prices for policies, but the government did not know what those prices were. Huh? Obviously, this cannot be true.
3. For the longest time we were repeatedly told by president Obama and his toadies in the government that the policies sold under Obamacare would be priced in a way that we would save an average of $2500 per policy. The reality has been something quite different since policy prices have risen on average in at least 47 states. When the federal government now tells us that policy premiums are LOWER than expected, it is actually confirming that the promise of savings of $2500 per policy was a knowing lie. Obama promised that premiums would go down, but they went up a lot and the government then tells us that the prices are lower than expected. That means they expected even bigger increases.
The elimination of subsidies must actually mean that fewer young folks are signing up than the government wanted. As a result, they need to get more money from the few signing up, so they eliminated the subsidies. Since this is the most dishonest administration in history, the Obamacrats tells us a lie about how premiums are lower than expected.
As I write this last paragraph, I know that it sounds like some sort of conspiracy theory, but again, in view of the rampant dishonesty of Obama and his people, I think my analysis is correct.
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